M&A - NATIONWIDE VARIABLE ACCOUNT 7

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000119312525011098

Filing Summary: On October 23, 2024, the Board of Trustees of Nationwide Variable Insurance Trust approved the merger of the NVIT BNY Mellon Core Plus Bond Fund: Class II (Target Fund) into the NVIT Core Bond Fund: Class II (Acquiring Fund). This merger is set to take effect on or about February 28, 2025. Following the merger, the Target Fund will no longer accept transfers or new purchase payments and will transfer all or nearly all of its assets to the Acquiring Fund in exchange for shares of the Acquiring Fund, which will also assume all liabilities of the Target Fund. Additionally, the document includes updates regarding the appointment of new sub-advisers for specific funds, effective January 27, 2025, for the NVIT Core Bond Fund and January 31, 2025, for the NVIT Columbia Overseas Value Fund, marking notable changes in management structure for these investment options.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000119312525011131

Filing Summary: This document serves as a supplement to the statutory prospectus of the BOA All American Annuity and updates key information regarding several mutual fund advisory changes. Key highlights include the termination of Nationwide Asset Management, LLC as the subadviser for the NVIT Core Bond Fund, with Loomis, Sayles & Company, L.P. appointed as the new subadviser, effective around January 27, 2025. Additionally, the Board of Trustees approved the termination of Columbia Management Investment Advisor, LLC for the NVIT Columbia Overseas Value Fund, with Putnam Investment Management, LLC taking over as the new subadviser, effective around January 31, 2025. A noteworthy merger of the NVIT BNY Mellon Core Plus Bond Fund into the NVIT Core Bond Fund was also approved, set to be effective around February 28, 2025. The third change involves the termination of NS Partners Ltd as the subadviser to the NVIT Emerging Markets Fund, with FIAM LLC taking over, effective around March 3, 2025. All references to former advisories and fund names have been updated in accordance with these changes.